Cairn India shares rise tracking crude gains, rupee fall

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Reuters
Last Updated : Nov 11 2013 | 12:35 PM IST

Reuters Market Eye - Shares in Cairn India Ltd gain 2.3 percent after Brent oil futures rebound from a nearly four-month low, while the rupee hits nearly two-month low versus the U.S. dollar

Higher crude oil prices and a weaker rupee help oil exploration firms such as Cairn India, which sells crude in dollars, analysts say.

Brent crude edged towards $106 a barrel in Asia, after gaining nearly $2 per barrel on Friday as traders covered short positions, while Iran and six world powers failed to reach a deal on Tehran's nuclear programme.

(Reporting by Abhishek Vishnoi)

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First Published: Nov 11 2013 | 12:32 PM IST

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